Sanford C. Bernstein cut shares of Telefonica (NYSE:TEF) from a market perform rating to an underperform rating in a research note published on Monday morning, Marketbeat Ratings reports.

A number of other equities research analysts also recently commented on the company. ValuEngine upgraded Telefonica from a hold rating to a buy rating in a research report on Monday, November 20th. Barclays upgraded Telefonica from an underweight rating to an equal weight rating in a research report on Friday, October 20th. Zacks Investment Research downgraded Telefonica from a buy rating to a hold rating in a research report on Wednesday, October 18th. Berenberg Bank upgraded Telefonica from a hold rating to a buy rating in a research report on Wednesday, September 27th. Finally, J P Morgan Chase & Co downgraded Telefonica from an overweight rating to a neutral rating in a research report on Tuesday, September 5th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $11.70.

Telefonica (TEF) opened at $9.62 on Monday. The firm has a market capitalization of $49,420.86, a PE ratio of 5.77 and a beta of 1.29. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.67 and a quick ratio of 0.62. Telefonica has a one year low of $8.87 and a one year high of $11.64.

The company also recently announced a semiannual dividend, which will be paid on Wednesday, December 27th. Investors of record on Wednesday, December 13th will be given a $0.2383 dividend. The ex-dividend date of this dividend is Tuesday, December 12th. This represents a dividend yield of 4.67%. Telefonica’s dividend payout ratio is currently 70.00%.

A number of hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. raised its position in Telefonica by 0.9% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 13,643 shares of the utilities provider’s stock valued at $142,000 after purchasing an additional 118 shares during the period. Keybank National Association OH raised its position in Telefonica by 0.5% during the second quarter. Keybank National Association OH now owns 25,780 shares of the utilities provider’s stock valued at $268,000 after purchasing an additional 125 shares during the period. Wedbush Securities Inc. raised its position in Telefonica by 1.1% during the second quarter. Wedbush Securities Inc. now owns 14,357 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 151 shares during the period. Advisor Group Inc. raised its position in Telefonica by 3.1% during the second quarter. Advisor Group Inc. now owns 13,355 shares of the utilities provider’s stock valued at $138,000 after purchasing an additional 406 shares during the period. Finally, Carret Asset Management LLC raised its position in Telefonica by 2.1% during the second quarter. Carret Asset Management LLC now owns 24,764 shares of the utilities provider’s stock valued at $257,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 0.92% of the company’s stock.

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About Telefonica

Telefonica, SA is an integrated and diversified telecommunications group operating in Europe and Latin America. The Company’s services and products include Mobile business, Fixed-line telephony business and Digital services. Its segments include Telefonica Spain, Telefonica Brazil, Telefonica Germany, Telefonica United Kingdom and Telefonica Hispanoamerica (formed by the Company’s operators in Argentina, Chile, Peru, Colombia, Mexico, Venezuela and Central America, Ecuador and Uruguay).

Analyst Recommendations for Telefonica (NYSE:TEF)

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